Riyadh – Mubasher: Wafrah for Industry and Development Company appointed Saad Solaib Mutlaq Alotaibi as Chairman of the board for the next three years.
Mohamed Yagoub Yousuf Almukhadeb was announced as the Deputy Chairman, according to a bourse disclosure.
The two official assumed their roles for the board term that began on 14 January 2024 and will remain in position until 13 January 2027.
In the first nine months (9M) of 2023, Wafrah logged 7.32% higher net profits after Zakat and tax at SAR 15.23 million, compared to SAR 14.19 million in 9M-22.
Revenues increased by 29.62% to SAR 125 million as of 30 September 2023 from SAR 96.44 million, while the earnings per share (EPS) went down to SAR 0.66 from SAR 1.43.
